- The agreement outlines the delivery of 92 Suzlon S120-2.1 MW turbines
- Turbines will be set up in the Bharuch district as a component of Gujarat’s renewable energy expansion
Suzlon Energy has achieved a contract from KP Group to supply its turbines for a 193.2-MW wind power project in Gujarat.
KP Group is a Gujarat-based power producer and an industrial solar, wind and hybrid energy company.
The agreement outlines the delivery of 92 Suzlon S120-2.1 MW turbines featuring a 140-meter hybrid lattice tubular tower. These turbines will be set up in the Bharuch district as a component of Gujarat’s renewable energy expansion through the Wind-Solar Hybrid and the State Transmission Utility’s tariff-based initiative. Suzlon’s responsibilities also encompass overseeing, commissioning, and providing ongoing maintenance services after commissioning.
Suzlon Energy has showcased remarkable growth this year. The company has surged 530% in the eight months, rebounding from its 52-week low of ₹6.96 touched on March 28, 2023 to hit a 52-week high of ₹44 on November 17, 2023. In the last one year, Suzlon shares have given 262% returns to its shareholders, while it zoomed 245% in the calendar year 2023. The largecap stock has risen 164% in six months, while it lost over 6% in a month.
Suzlon is one of India’s leading wind energy service companies with a service portfolio of over 14.3 GW of wind energy assets. The Group has around 6 GW of installed capacity outside India. It offers a comprehensive product portfolio led by the 2 MW and 3 MW series of wind turbines.